Former Shadow Minister for Broadband, Communications and the Digital Economy and Shadow Minister for Defence Stephen Conroy has joined Melbourne-based blockchain asset startup Day By Day as chairman of its advisory board.
The startup, which describes itself as an “innovative customer focused asset registry management platform built on blockchain technology”, focuses on insurance and providing customers with an inventory solution.
The company believes it can make insurance claims process faster and more efficiently through blockchain technology.
Its app allows customers to store information on insured items. It allows users to receive “DBD reward points” for engaging with the app regularly. Reward points can be redeemed for various items.
Through a broker portal, brokers can pay for access to live asset data on their customers.
Day By Day believes it is poised to shake up the insurance industry in Australia and overseas, and it hopes the appointment of Conroy will further strengthen this.
“Mr Conroy is a great addition to the Day By Day advisory board. His industry knowledge, experience, and passion for the development of disruptive digital technologies will be invaluable to the Day By Day team and we look forward to Mr Conroy’s contribution to the company and the board,” Day By Day founder and CEO Bill Angelidis said in a statement.
Conroy meanwhile said he was “humbled” to be appointed as chairman of “such an innovative and disruptive business”.
“The problems of under insurance and fraudulent claims are significant issues for customer and insurance companies alike, and using the Day By Day platform delivers peace of mind for customer with an easy to use asset registry built on blockchain technology,” he said.
“Quite simply this app delivers a win-win for customers and the insurance…